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Welspun Corp Plunges 4%; BSE CAPITAL GOODS Index Up 0.1%
Tue, 1 Oct 11:53

Welspun Corp Plunges 4%; BSE CAPITAL GOODS Index Up 0.1%Image source: Sakorn BernardaSv/www.istockphoto.com

Welspun Corp share price has plunged 4% and is presently trading at Rs 738.7.

Meanwhile, the BSE CAPITAL GOODS index is at 73,200.8 (up 0.1%).

Among the top losers in the BSE CAPITAL GOODS index today are V GUARD IND. (down 0.7%) and Carborundum Universal (down 0.5%).

Siemens (up 2.1%) and ABB (up 1.6%) are among the top gainers today.

Over the last one year, Welspun Corp has moved up from Rs 398.0 to Rs 738.7, registering a gain of Rs 340.7 (up 85.6%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 47,225.6 to 73,200.8, registering a gain of 55.0% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 130.2%), BHEL (up 122.1%) and Bharat Electronics (up 108.5%).

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What About the Benchmark Indices?

The BSE Sensex is at 84,331.9 .

The top gainers among the BSE Sensex today are Tech Mahindra (up 2.9%) and M&M (up 1.7%). The most traded stocks in the BSE Sensex are Tata Steel and Reliance Ind..

In the meantime, NSE Nifty is at 25,810.9 (down 1.4%). Hero Motocorp and Reliance Ind. are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,118.7 to 84,331.9, registering a gain of 18,213.2 points (up 27.5%).

Welspun Corp Financial Update...

Welspun Corp net profit grew 15.2% YoY to Rs 2,079 million for the quarter ended June 2024, compared to a profit of Rs 1,804 million a year ago. Net sales declined 22.9% to Rs 31,372 million during the period as against Rs 40,693 million in April-June 2023.

For the year ended March 2024, Welspun Corp reported 470.4% increase in net profit to Rs 11,360 million compared to net profit of Rs 1,992 million during FY23. Revenue of the company grew 77.7% to Rs 173,396 million during FY24.

The current Price to earnings ratio of Welspun Corp, based on rolling 12 month earnings, stands at 21.5.


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